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InsurTech news

Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.

Tremor hits $500bn reinsurance capital milestone

8th September 2021

Programmatic re/insurance risk transfer marketplace Tremor surpassed $500 billion in reinsurance capital this month after signing its 115th reinsurer to its marketplace. Tremor says that it now provides insurance companies with direct access to more than 95% of the world’s reinsurance capacity across traditional reinsurers, Lloyd’s syndicates and ILS funds. In addition, ... Read the full article

Motive Partners leads $100mn funding round for Insurify

1st September 2021

US virtual insurance agent and comparison platform Insurify has closed a $100 million Series B funding round led by specialist private equity firm Motive Partners. Existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures and Moneta VC were joined by new arrivals Viola Growth and Fort Ross Ventures. Founded in 2013 by ... Read the full article

Joyn Insurance recruits Chief Distribution Officer from Lloyd’s

25th August 2021

Insurtech firm Joyn Insurance has announced the addition of Uwe Schoberth as Chief Distribution Officer, effective September 1, 2021. Schoberth most recently served as Global Head of Distribution at re/insurance marketplace Lloyd's of London. His previous roles also include distribution positions at Blackboard Insurance, QBE Group, XL Group, Winterthur International Insurance Company, ... Read the full article

Insurtech Pie Insurance buys carrier from Premia to go full-stack

25th August 2021

Pie Insurance, a growing insurtech company that specialises in workers' comp insurance for small businesses, has achieved a first-step in its ambition to become a full-stack insurtech, by acquiring a carrier from legacy player Premia Holdings Ltd. Pie announced today that its Pie Carrier Holdings entity has now received regulatory approval ... Read the full article

HCL partners with Munich Re to create digital workplace

24th August 2021

HCL Technologies (HCL) has entered into a partnership with global reinsurer Munich Re to create a digital workplace for its staff. Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernise and standardise workplace services for more than 16,000 employees in 40 countries. HCL will ... Read the full article

Guidewire acquires P&C insurtech HazardHub

20th August 2021

Software specialist Guidewire has announced the acquisition of HazardHub, a provider of API-driven property risk insights to the P&C insurance industry. HazardHub curates, analyses and distills enough data to offer a comprehensive, national catalog of risks while its API provides risk scores and supports the underlying information for any US property. “Underwriters, ... Read the full article

Tech altering the risk reality for companies post-COVID: WTW

20th August 2021

A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms ... Read the full article

Markel underwrites pay-per-mile motorcycle cover for Voom

20th August 2021

Specialist insurer Markel has agreed to underwrite a pay-per-mile insurance offering for motorcycles by Voom, a US insurtech firm. The usage-based offering is designed to provide more flexible coverage, based on the seasonal or irregular usage habits of many motorcycle riders. Riders will be able to pay a low monthly base rate ... Read the full article

Mosaic and DXC launch tech platform for specialty insurance

19th August 2021

Mosaic Insurance and DXC Technology have announced the launch of a new insurance technology platform designed to increase the speed at which specialty insurance is sold, underwritten and serviced. The new platform is powered by several of DXC’s technology services, including DXC Assure for Commercial and Specialty, business process outsourcing, applications, ... Read the full article

Eos hires Zach Powell as General Partner

19th August 2021

Eos Venture Partners (Eos), the venture capital fund focused exclusively on the insurtech sector, has appointed Zach Powell as General Partner. Powell brings years of industry experience to Eos, having spent the majority of his career as a principal investor in the financial services sector with a focus on insurance. He joins ... Read the full article

Hannover Re US incorporates ExamOne data into underwriting platform

19th August 2021

Hannover Life Reassurance Company of America (Hannover Re US) has announced a collaboration with ExamOne, a Quest Diagnostics Company, to incorporate ExamOne’s innovative LabPiQture data into hr | ReFlex, Hannover Re’s automated underwriting solution for life insurers. The integration will allow hr | ReFlex clients to automate the use of LabPiQture’s ... Read the full article

Acrisure enters partnership with Quotal

18th August 2021

Insurtech ecosystem specialist Quotall has entered into a strategic partnership with global insurance distribution business Acrisure. The partnership will see Acrisure provide insurance product sourcing and insurer partnership services to meet the portfolio needs of Quotall clients. The joint strategy will offer a consolidated solution for big brands across industry sectors that ... Read the full article

Insurtech NEXT partners with Amazon on third-party seller insurance platform

11th August 2021

Insurtech company NEXT Insurance will be participating in Amazon Insurance Accelerator, a platform that provides the online marketplace's sellers with cover via instant quotes. It was revealed this week that Marsh has been working closely with Amazon on the platform. NEXT's new feature automatically adds Amazon as an 'additional insured' and ... Read the full article

Lockton Re partners with Nephila Capital on automated placement solution

11th August 2021

Lockton Re, the reinsurance arm of the global brokerage, has partnered with Nephila Capital to help release Lockton Re SAGELink Automated Placement Solutions. It's hoped this new capability will automate the process of price discovery between reinsurance intermediary broker and reinsurer. Its designed to allow a tighter integration of treaty visualisation features ... Read the full article

ACORD partners with cloud-based insurance platform Novidea

11th August 2021

Novidea, a provider of a cloud-based insurance distribution platform, has joined the ACORD Solutions Group 'Licensed Integrator Partner’ program. The partnership will enable Novidea to work more closely with the ACORD community and insurance ecosystem to share insights and engage with other participants, including other technology providers and incumbent businesses. ACORD Solutions ... Read the full article

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